Property Overview: 79 West Gate, Armstrong Point
Key Characteristics, Appeal & Ideal Buyer
This is a substantial, character-filled home in the prestigious Armstrong Point neighbourhood. Built in 1911, the 2.5-storey residence sits on a large, approximately 9,000 sqft lot, offering a rare sense of space and privacy within the city. With over 3,400 sqft of living space and a renovated basement, it provides ample room for family living and entertaining. A detached garage adds functional convenience.
Its primary appeal lies in its established location and the enduring quality of a century-old home on a generous parcel of land. While it requires consideration for updates consistent with its age, it represents a solid opportunity in a sought-after area. The data suggests it is a property of above-average size and value for its immediate street and a high-value standout city-wide.
This home would best suit a buyer who values heritage neighbourhoods, appreciates the potential in a character property, and has the vision or resources for stewardship. It’s ideal for those seeking a long-term family home with space to grow, rather than a turn-key modern property. The lot size alone offers future possibilities that are increasingly scarce.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings compare this property to others on its street, in Armstrong Point, and across all of Winnipeg. They indicate that while the home is above average in size and value for the city as a whole, it is more in the middle of the pack within its own affluent neighbourhood, offering a realistic perspective on its local standing.
2. Is the price based on the assessed value?
No. The $700k figure shown is the municipal assessed value for taxation purposes, not the listing price. A property’s market price can be higher or lower than its assessed value based on condition, market trends, and specific features.
3. What should I consider about a home from 1911?
While offering charm and solid construction, a home of this age will likely have older systems (plumbing, electrical, heating) and require ongoing maintenance. The renovated basement is a positive, but a thorough inspection is essential to understand the condition of the original structure and plan for future updates.
4. How does the last sale in 2017 affect the current value?
The 2017 sale price of $577k provides a historical benchmark, showing significant appreciation in assessed value over seven years. Market conditions have evolved since then, so current value will be determined by today’s market, recent comparable sales, and the property’s present state.
5. What are the advantages of a detached garage?
A detached garage offers flexibility—it can be used for vehicle storage, a workshop, or studio space without impacting the home's living areas. It may also present future potential, subject to local bylaws, for conversion or redevelopment on the large lot.